The aircraft computers market size is expected to see strong growth in the next few years. It will grow to $7.92 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to advanced avionics requirements, ai and machine learning integration, increased connectivity needs, autonomous flight development, cybersecurity measures. Major trends in the forecast period include compliance with green initiatives, adaptive and autonomous systems, efficiency and performance improvements, edge computing adoption, rise of artificial intelligence.
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Segmentation & Regional Insights
The aircraft computers market covered in this report is segmented –
1) By Product Type: Flight Controls, Flight Management Computers, Engine Controls, Utility Control, Mission Controls
2) By Platform Type: Fixed-Wing Aircraft, Rotary Wing Aircraft, UAV (Unmanned Aerial Vehicles)
3) By Component Type: Hardware, Software
4) By End-User Type: OEM (Original Equipment Manufacturer), Aftermarket
North America was the largest region in the aircraft computers market in 2023. The regions covered in the aircraft computers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increase in air traffic is expected to propel the growth of the aircraft computers market going forward. Air traffic refers to the movement and operation of aircraft both in the air and on airport surfaces, but does not include loading ramps and parking areas. Aircraft computers are required for controlling aircraft traffic by processing heavy data. As a result, more advanced flight control and communication systems are needed in the air traffic control system, which relies on aircraft computers for their operation. Additionally, growing tourism activities have favored increased air traffic. For instance April 2023, according to the International Air Transport Association, a Canada-based global trade association for airlines, total air traffic increased by 55.5% and domestic traffic increased by 25.2% compared to the previous year. Furthermore, international traffic increased by 89.7% compared to February 2022. Therefore, the increase in air traffic is driving the growth of the aircraft computer market.
Key Industry Players
Major companies operating in the aircraft computers market report are BAE Systems plc, Cobham plc, Curtiss-Wright Corporation, Honeywell International Inc., Rockwell Collins- RTX Corporation, Saab AB, Safran S.A., Thales Group, TransDigm Group, Garmin Ltd., General Electric Co., General Dynamics Mission Systems Inc., Lockheed Martin Corporation, Thommen Aircraft Equipment Ltd., Air Data Inc., Airbus SE, Sagetech Avionics Inc., Advanced Aircraft Company, Xwing Inc., Scientific Systems Company Inc., Formic Technologies Inc., Anduril Industries Inc., Seoul Robotics, Starship Technologies, Voliro Airborne Robotics Company, Attabotics, Kongsberg Defence & Aerospace AS, Elbit Systems Ltd., General Atomics Aeronautical Systems Inc., AeroVironment Inc., Northrop Grumman Corporation, Boeing Company
The aircraft computers market report table of contents includes:
1. Executive Summary
2. Aircraft Computers Market Characteristics
3. Aircraft Computers Market Trends And Strategies
4. Aircraft Computers Market – Macro Economic Scenario
5. Global Aircraft Computers Market Size and Growth
…………………………
31. Global Aircraft Computers Market Competitive Benchmarking
32. Global Aircraft Computers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Aircraft Computers Market
34. Aircraft Computers Market Future Outlook and Potential Analysis
35. Appendix
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